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CBN EASES TRAVEL ALLOWANCE RESTRICTIONS — NAIRA STILL POSTS WEEKLY LOSS DESPITE LIQUIDITY RISE
PTA and BTA cashless policy partially relaxed; naira weekly loss signals demand-side pressure persists The Central Bank of Nigeria has partially relaxed its 2024 cashless policy restrictions on Personal Travel Allowance and Business Travel Allowance, easing the process by which Nigerians and businesses can access foreign currency for legitimate international travel and business-related expenses. The CBN introduced tighter controls on PTA and BTA disbursements in 2024 as part
May 221 min read
Breaking
Business
Only 1 in 10 Nigerian Women Have a Salary-Paying Job.
Only 1 in 10 Nigerian Women Have a Salary-Paying Job. 1 in 10. The World Bank Data on Nigerian Women Every Business Owner Should Read. The headline number is arresting: only 10.5% of Nigerian women in employment are in wage or salaried jobs. But the more important number for business owners is the one that comes right after it. 80.7% of Nigerian women aged 15 and above are active in the labour market. Read that again. The majority of Nigerian women are working. They are econo
Apr 132 min read
Business Confidence Is Slipping. The NESG Just Told Us Exactly Why.
Business Confidence Is Slipping. The NESG Just Told Us Exactly Why. Nigeria Is Still Growing. But Business Owners Are Feeling the Strain. The Data Explains Why. The numbers say Nigeria's business environment is expanding. Business owners know the picture is more complicated than that. The Nigerian Economic Summit Group's Business Confidence Monitor for March 2026 shows the Current Business Performance Index fell sharply from 117.2 points in February to 101.2 points — still ab
Apr 82 min read
The Government Just Froze All New Business Regulations. Here's Why Nigerian SMEs Should Pay Attention.
The Government Just Froze All New Business Regulations The Government Just Hit Pause on New Business Regulations. Here's What That Means for You. If you have ever had a government agency show up with a new fee, a new form, or a new requirement that seemed to appear from nowhere this story is for you. The Presidential Enabling Business Environment Council (PEBEC) has directed all federal Ministries, Departments, and Agencies to immediately halt the introduction and rollout of
Apr 82 min read
The Government Just Put ₦1 Billion on the Table for Your Business. The Portal Opens Today.
The Government Just Put ₦1 Billion on the Table for Your Business ₦1 Billion in Free Business Grants Just Opened Today. Here's How to Apply. There is money on the table, real money, no repayment required and the application window opened this morning. The Federal Government has opened the 2026 National MSME Awards portal today, April 7, with plans to disburse over ₦1 billion in grants to small and medium businesses across Nigeria. The portal closes May 7 giving you exactly 30
Apr 82 min read
Economy
Tinubu Just Approved ₦3.3 Trillion to Fix Power. Here's What SME Owners Should Actually Expect.
Tinubu Just Approved ₦3.3 Trillion to Fix Power. The Government Just Committed ₦3.3 Trillion to Fix Nigeria's Power Problem. Here's the Honest Business Analysis. If you run a business in Nigeria, you have been told the power situation is about to improve many times before. So here is an honest assessment of what just happened and what it means for your plans. President Tinubu has approved a ₦3.3 trillion payment plan to settle outstanding debts in the power sector — liabiliti
Apr 82 min read
Nigeria's Stock Market Just Had Its Best Quarter in History
Nigeria's Stock Market Just Had Its Best Quarter in History Nigeria's Stock Market Just Broke Records. Here's Why Your Business Should Pay Attention. You may not own a single share. But what just happened on the Nigerian Exchange Limited (NGX) affects your business more than you think. The first quarter of 2026 delivered ₦29.83 trillion in gains to equity investors, the biggest Q1 in Nigerian stock market history, driven by strong corporate earnings and the completion of the
Apr 72 min read
AI Is Coming to Your Business - Are You Ready?
AI Is Coming to Your Business - Are You Ready? AI Is Coming to Your Business How Nigerian SME owners can start using artificial intelligence without a tech degree The most competitive advantage available to a Nigerian small business owner right now doesn't cost millions of naira. FirstBank's SMEConnect Webinar designed to equip SMEs with practical knowledge and tools to adopt and integrate AI into their operations. The theme is direct and useful: "AI for Business Growth: From
Apr 72 min read
CBN eyes growth, FPIs in cautious 50bps rate cut
Central Bank of Nigeria The Central Bank of Nigeria (CBN) on Tuesday cautiously reduced its benchmark interest rate, the Monetary Policy...
Sep 24, 20254 min read
Tax
Sep 24, 20252 min read
Sep 24, 20251 min read
Nigeria
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